Filing Considerations for Married & Divorced Couples
Married couples can file bankruptcy together or apart. Here are the main considerations.
If you are married and considering Chapter 7 or Chapter 13 bankruptcy, you have additional issues to think about. To start, you'll have to decide which option works best for you: filing a joint bankruptcy or an individual bankruptcy petition. For most couples, joint bankruptcy will protect more of your property and discharge more debts. But not always. And if you are divorcing or already divorced, you should know how bankruptcy will affect things like child support and debts you both cosigned.
Below you'll find articles explaining how a joint bankruptcy works, considerations to determine which type of bankruptcy is better for you and your spouse (joint or individual), and what happens if you are part of a same-sex married couple.